dead2live
Short

EURCAD SYMMETRICAL TRIANGLE, BROADENING WEDGE, MOVING AVG

FX:EURCAD   Euro Fx/Canadian Dollar
EURCAD             D1
Symmetrical Triangle, break out either direction
Broadening Wedge Inside Triangle which usually Sells Off 55% (Bulkowski)
100 and 200 ma crossing suggests Down Trend
Right now price is stymied by 100ma on WK             Volume needed to push lower.
Price resistance above by 50 ma. Volume needed to move lower.
Historically in downtrends price remains below 50ma giving more rise to short bias.

Sell Signal: When Daily closes outside of trendline on triangle.

I believe this price action             is representative of the weekly changing trend direction
and creating a new channel. Hence, the broadening wedge .

She's most likely a sell at the appropriate time
WK Heady and Shoulders
snapshot
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out